monday mojo, page-5

yup, both your posts could be right volt. I would have thought the aud would have been hurting stocks before now but that might wait til xjo reporting season before it becomes real, at least for aussie investors. Already obvious to os investors, I'm sure, with aud gains of 20+% over any market gains. When the banks report I'm expecting some pain over the aud, housing loans and maybe margin contraction tho the employment situation and the stock market should have boosted their income in other areas. When miners report I'm also expecting the aud to impact earnings, not just from os revenues but also from reduced expansion as the hurdle rates for new projects rise.

The spx performance overnight should provide some support to xjo on monday, tho the aud rise may dampen the party. Do you have that chart still of xjo in usd? How about one of spx in aud? cheers!